The disbursed public investment stood at 210.8 trillion VND in the first seven months of 2021.
(Photo: congthuong.vn)
The General Statistics Office (GSO) reported that the disbursed capital sourced from the State budget was estimated at 38.3 trillion VND (nearly 1.7 billion USD) in July, down 1.7 percent month on month and 12.4 percent year on year.
The figure between January and July reached 210.8 trillion VND, equivalent to 44.3 percent of this year’s target and up 5.6 percent from the same period last year.
The sum comprises 35.2 trillion VND managed by central agencies and another 175.6 trillion VND by localities, respectively rising 12.7 percent and 4.3 percent year on year, statistics show.
The COVID-19 resurgence has affected the implementation of public investment projects in 19 southern provinces and cities which are applying social distancing measures under the Prime Minister’s Directive 16/CT-TTg, as well as some others imposing anti-pandemic measures under Directive 15/CT-TTg, the GSO said.
It cited localities as reporting that many projects have been halted or lagged behind schedule, but investors, management boards, and contractors are making efforts and pledge to accelerate project implementation after the social distancing period is over.
Africa represents potential market for Vietnamese goods
Africa has been identified as a potential export market for Vietnamese goods, with a particular focus on farm produce, according to the Ministry of Industry and Trade, reported VOV News.
Photo for illustration.(Source: Vinatex)
Nguyen Minh Phuong, an official of the Ministry of Industry and Trade’s Asia-Africa Market Department says the Vietnamese import and export turnover to Africa has consistently increased over the past three years, with the country now enjoying a trade surplus with the market.
Despite this growth, experts point to a number of different hurdles that exist in order to penetrate deeper into this market, including geographical distance, different customs, language barrier, and complicated payment methods, especially fraudulence when it comes to carrying out transactions.
Nguyen Duy Hung, head of the Vietnamese Trade Office in Egypt, therefore advises local businesses to comply with Halal standards as a means of making further inroads into the market as Egypt is a majority Muslim country.
The trade representative underscores the importance of State-owned companies helping with the process of distributing Vietnamese goods, noting that local firms should not sign contracts via brokers to avoid risks of trade fraud.
Do Viet Phuong, Vietnamese Trade Counselor in Morocco, says the Moroccan market also shares many similarities with other markets within the African bloc.
He recommends that Vietnamese businesses request legal documents from foreign partners operating in this market, use reputable banks and immediately contact competent authorities to resolve any problems which may arise.
First batch of Vietnamese frozen dracontomelon exported to Australia
Representative image (Photo: VNA)
The Vietnam Trade Office in Australia said that for the first time, a large batch of up to 22 tonnes of frozen Vietnamese dracontomelon was exported, distributed and marketed in Australia, reported Nhan Dan News.
With the lowest selling price at 18 AUD per kilogramme, the total value of the batch of 22 tonnes of frozen Vietnamese dracontomelon consumed in the Australian market can bring in a large turnover of over 390,000 AUD.
Thus, with the harvest season lasting from June to September, the potential for turnover of dracontomelon is not inferior to other fruits being exported to this country.
Based on the assessment of turnover, markets, production areas, in order to diversify regional specialties for export, the Vietnam Trade Office in Australia have support businesses, specifically Uu Dam Company, to promote the fruit.
Accordingly, the Vietnam Trade Office in Australia has arranged costs for advertising on social networks in main consumption areas, as well as proposed and coordinated with businesses to deploy promotions to win 10 gifts of Vietnamese bird's nests when buy Vietnamese dracontomelon, while gradually promoting the introduction of Vietnamese dracontomelon products into the large distribution system.
In addition, in order to market to a variety of customer groups in Australia, the Trade Office is also preparing to introduce a culinary book of Vietnamese dracontomelon in English. The consistent policy of the Trade Office is to support and promote export agricultural products with brands, competition in quality and design.
According to the Trade Office, although many cities are facing social distancing, causing difficulty to export transportation, in the first six months of 2021 the export of agricultural products and vegetables to Australia has achieved record growth of more than 52% compared to the same period last year, reaching more than 40 million USD.
With the inclusion of other key agricultural products such as cashew nuts, pepper, coffee, and rice, agricultural exports to Australia reached nearly 110 million USD./.